Tag Archives: Financial

Tax-Efficient Charitable Giving (Ep.13)

May 10, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthBlue Barn Wealth, Charitable Giving, Charity, Financial, Investment, Planning, Podcast, Portfolio Management, Real Estate, Saving Taxes, Taxes, Your Path to Real WealthYour-Path-to-Real-Wealth

Currently, in the United States, the rate of charitable donations has grown to nearly $500 billion a year. While corporations do their fair share of contributing, two-thirds of that total comes from individuals.

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP®, discuss how you can make your charitable contributions as tax-efficient as possible. They discuss a number of reasons you might want to consider charitable giving and how you can benefit from making charitable donations from your retirement accounts.

Jeff and Benjamin discuss:

Different charitable entities you can donate to and how they affect the strategies you can use to save on taxes
How you can use a donor-advised fund to separate your contributions over time
How you can strategize selling a private business or real estate with charitable giving for a more tax-efficient process
And more

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Where to Start Planning Your Retirement (Ep.12)

April 26, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthAssets, Blue Barn Wealth, Financial, Investments, Planning, Podcast, Portfolio Planning, Retirement, Roth IRA, Saving, Security, Your Path to Real WealthYour-Path-to-Real-Wealth

When planning for your retirement we like to ask the important questions, check your portfolio and gather all the information necessary prior to offering you a plan. When it comes to retirement, a one size fits all mindset can cause you to miss out on unique opportunities specific to your situation.

In this episode, Jeff Brimhall, PhD, CFP®, CFA, and Benjamin Cummings, PhD, CFP®, discuss a number of investment strategies such as contributing to a Roth IRA or a 401K and which one will work best for you based on your unique situation. Join us as you start your ideal retirement planning to live out your golden years the way you desire.

Jeff and Benjamin discuss:

How a Roth IRA might be the best account type for you
How to determine your retirement planning steps based on your age
The tax advantages you can gain depending on the type of account
How you can determine the right amount and way to save for retirement
And more

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Why You Should Start Investing In A 529 Plan with Richard Ellis (Ep.11)

April 12, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth529 Plan, Blue Barn Wealth, Children, College Savings, Education, Financial, Grandchildren, Planning, Podcast, Portfolio Planning, Richard Ellis, Savings Plan, Your Path to Real WealthYour-Path-to-Real-Wealth

Do you have children or grandchildren who have yet to graduate from high school? Are you wondering how you can offer them a timeless gift this year that supports their future goals?

Investing in a 529 plan might just be the perfect fit for you.

In this episode, Jeff Brimhall, PhD, CFP®, CFA, and Benjamin Cummings, PhD, CFP®, talk with Richard Ellis, executive director at my529 to discuss what exactly a 529 plan is, how it compares to other savings plans and why you should start investing sooner rather than later. He also talks about transferring it from one beneficiary to another and what will happen to the plan if it is not used for education.

Richard discusses:

The benefits of having a 529 plan depending on the state you live in
How you can get a tax advantage on education expenses by investing in a 529 plan
Some reasons people start a 529 plan early for their children
And more

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About Our Guest:

Richard Ellis is a seasoned professional with experience working at all levels of state and local government. His primary expertise is in investment of public funds, debt issuance and budgeting. Richard has extensive experience speaking and training large and small groups. He has served on several boards and commissions helping develop policy and strategic initiatives. Richard also has experience working with various constituencies to find solutions to problems and continue the advancement of programs.

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How To WIN At Insurance with Todd Erkis (Ep.10)

March 22, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthBlue Barn Wealth, Car Insurance, Deductibles, Dependants, Financial, Insurance, Life Insurance, Plan, Podcast, Portfolio Planning, Savings, Savings Plan, Spouse, Your Path to Real WealthYour-Path-to-Real-Wealth

Do you know what it means to “win” at insurance? If you’ve never thought about insurance in this light or have not considered how insurance can help during moments of high stress, you may want to tune in to this week’s episode.

In this episode, Jeff Brimhall, PhD, CFP®, CFA, and Benjamin Cummings, PhD, CFP®, talk with Todd Erkis, author and professor at St. Joseph’s University to discuss how you can reformat the idea of insurance in your eyes so that you have the protection you need, when you need it. From car to life insurance, it is important to know how these plans work so that you feel confident when the time comes to tap into this area of your portfolio.

Todd discusses:

When is the right time to lock in an insurance plan
How to understand deductibles and choosing the right deductible level
The right time to approach your insurance company with a claim
The decisions involved in life insurance and how to identify your needs
And more

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LinkedIn: Todd Erkis

About Our Guest:

Todd Erkis is currently living a lifelong dream teaching finance and risk management at St. Joseph’s University.

He is the author of “What Insurance Companies Don’t Want You to Know – An Insider Shows You How to Win at Insurance” available at Amazon.com.

He is also, a life actuary with experience in M&A, pricing, financial projections, annuity and life products including variable annuities (VA) and VA hedging.

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A Donor Advised Fund For All Your Charitable Needs With Dan Blake (Ep.9)

February 8, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthBlue Barn Wealth, Charitable Giving, Donor Advised Funds, Family Donations, Financial, Financial Planning, Financial Support, Flexibility, Generosity, Podcast, Your Path to Real WealthYour-Path-to-Real-Wealth

Creating a donor advised fund (DAF) means building a wealth account for charitable giving. How can you increase flexibility for yours and your families charitable contributions?

In this episode, Jeff Brimhall, PhD, CFP®, CFA, and Benjamin Cummings, PhD, CFP®, speak with Dan Blake, a managing director of University Impact, on creating flexible donor advised funds and creating family inclusive charitable contributions.

Dan discusses:

What a donor advised fund is
How University Impact’s triple DAF increase flexibility for their clients donations
How parents can involve their children in charitable giving
Why people do or don’t donate
And more

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About Our Guest:

Daniel’s background is in building and scaling startups. He started his first company, EcoScraps, in 2010 and sold it to a Fortune 1,000 company (Scott’s Miracle Gro) after 4 years. He has been on the board for two companies that have sold to publicly traded companies.

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Taking A Small Step To Make A Big Difference With Paul MacArthur (Ep.8)

January 25, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthBlue Barn Wealth, Charitable Giving, Charity, Education, Financial, Financial Planning, Intention, Make A Difference, Podcast, Resources, Wealth, Your Path to Real WealthYour-Path-to-Real-Wealth

Donating to a charitable organization, volunteering at a shelter or just giving to your neighbor, even the smallest actions can make a difference in someone’s life.

In this episode, Jeff Brimhall, PhD, CFP®, CFA, and Benjamin Cummings, PhD, CFP®, talk with Paul MacArthur, partner at MacArthur, Heder and Metler and co-founder of A Child’s Hope Foundation. They explore ways to make a difference in the world and the small actions that lead to greater experiences for the next generation.

Paul discusses:

How A Child’s Hope Foundation got started
Why he focuses on orphanages
How he involves his children in volunteering and charitable giving
The first step in making a difference in someone’s life is taking action
His personal stories about taking small actions to create a joyful moment in someone’s life
And more

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About Our Guest:

Paul MacArthur is the founding partner of MacArthur, Heder & Metler, PLLC. He earned a bachelor of arts degree in English with a minor in business finance from Brigham Young University, a juris doctorate from the J. Reuben Clark Law School at BYU, and a master of science in taxation degree (LL.M.), with honors, from the Washington School of Law.

His practice is focused on business formation, maintenance, contracts, corporate governance, mergers & acquisitions, succession planning, taxation, estate planning, non-profit organizations, and adoption. Paul is co-founder of A Child’s Hope Foundation, a non-profit public charity dedicated to improving the standard of care for orphaned children in third-world countries. He has also served and is serving as an officer and board member for many other non-profit entities.

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Investment Strategies at Blue Barn Wealth (Ep.7)

January 11, 2023Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, WealthBlue Barn Wealth, Financial, Goals, Investing, Investments, Podcast, Retirement, Your Path to Real WealthYour-Path-to-Real-Wealth

Choosing an advisor for your financial journey should mean partnering with someone who makes you feel comfortable.

In this episode, Jeff, Benjamin, and Hyrum discuss some of their investing strategies that can help you achieve your long-term financial goals, such as enjoying a comfortable retirement.

Jeff, Benjamin, and Hyrum discuss:

Why the average investor over the last few decades made a much lower return than what the markets would’ve allowed them to achieve
The first steps they take when working with new investors
Why you should diversify your investments, especially when pursuing long-term goals
The dangers of being an overconfident and undereducated investor
And more